Japan’s Liberal Democratic Party: life in opposition

Liberal Democratic Party President Sadakazu Tanigaki and other members of the main opposition party raise their fists during a party convention in Tokyo on 22 January 2012. Tanigaki vowed to pressure Prime Minister Yoshihiko Noda to dissolve the lower house as early as possible for an election, saying the country needs the LDP back in power. (Photo: AAP)

Author: Kevin Placek, Melbourne

Having ruled Japan for the better half of a century, it is no surprise that the Liberal Democratic Party (LDP) has found it difficult to adapt to its role as Japan’s major opposition party.

But with the prospect of further political gridlock, it may be time for the LDP to reconsider its strategy. Read more…

China’s regional and global power

Saudi King Abdullah bin Abdulaziz meets with Chinese Prime Minister Wen Jiabao on 15 Jan. 2012 at the royal palace in Riyadh. Wen pressed Saudi Arabia to open its huge oil and gas resources to expanded Chinese investment. (Photo: AAP)

Author: Zhang Yunling, CASS

Since China’s reform and opening-up policies began in the 1970s, the country’s average annual economic growth rate has hovered around 10 per cent.

Currently, China’s gross domestic product is second only to the United States; it is the world’s largest exporter and importer and the largest holder of foreign exchange reserves. Along with China’s remarkable economic rise comes an increase in China’s role in both regional and global development and governance. Read more…

Asia’s mixed outlook for 2012

US Treasury Secretary Timothy Geithner meets with Chinese Vice President Xi Jinping at the Great Hall of the People in Beijing. (Photo: AAP)

Author: Evan A. Feigenbaum, CFR

The year 2011 proved fascinating for Asia, with the region consolidating its role as the essential player driving global economic recovery.

But 2012 promises to be more fraught as domestic politics take command amid new challenges to growth. A number of risks, opportunities and emerging patterns will shape Asia during the next 12 months and beyond. Read more…